Triple Exponential Moving Average (TEMA) MT4 Indicator Signals

Developed by Patrick Mulloy.

This indicator was originally used for MetaTrader 4 Indicator in the Stock exchange and Commodities exchange market before being used in Forex MetaTrader 4 Indicator.

This a trend following indicator, it was intended to lessen lag of the original exponential moving average.

The calculation is based on three EMAs:

• a single EMA
• a double EMA and
• a triple EMA

The 3 EMAs when combined produce a lesser amount of lag than any of the 3 EMAs.

MetaTrader 4 Indicator & How to Generate Trade Signals

The TEMA MetaTrader 4 Indicator can be traded in the same way as the original moving averages

The most popular MetaTrader 4 Indicator method of generating signals is to compare the moving average line and the price action of the currency pair.

• A buy signal is generated when both the price & the indicator are heading upward while
• A sell signal is generated when price & the indicator are both heading downwards.

Buy Sell Signal

Forex Crossover Strategy

Another popular MetaTrader 4 Indicator method of TEMA is the crossover system.

The TEMA cross-over system includes two or more triple exponential moving averages crossing above/below each other to generate signals. One indicator has fewer periods than the other. This system will also include combining it with other indicators as additional entry confirmation signals

Forex Crossover Strategy